Sec.  54.407   Reimbursement for offering Lifeline.

   (a) Universal service support for providing Lifeline shall be provided
   directly to the eligible telecommunications carrier, based on the number of
   qualifying low-income consumers it serves, under administrative procedures
   determined by the Administrator.

   (b) The eligible telecommunications carrier may receive universal service
   support reimbursement for each qualifying low-income consumer served. For
   each consumer receiving Lifeline service, the reimbursement amount shall
   equal the federal support amount, including the support amount described in
    Sec. 54.403(c). The eligible telecommunications carrier's universal service
   support reimbursement shall not exceed the carrier's standard, non-Lifeline
   rate.

   (c) In order to receive universal service support reimbursement, the
   eligible telecommunications carrier must keep accurate records of the
   revenues it forgoes in providing Lifeline in conformity with  Sec. 54.401. Such
   records shall be kept in the form directed by the Administrator and provided
   to the Administrator at intervals as directed by the Administrator or as
   provided in this Subpart.